Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$309,353$309,353$351,000
Remaining term (yrs)27.027.030.0
Secondary amount$0$41,647$0
Funding fee$0$0$0
Note rate7.2%7.2%7.18%
Blended rate7.75%8.163%7.42%
1st payment$2,166.10$2,166.10$2,377.80
2nd payment$0.00$312.35$0.00
Taxes / mo$125.50$125.50$125.50
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$70.20
HOA / mo$28.00$28.00$28.00
Total monthly$2,695.64$3,007.99$2,751.50
Cash to close$80,647$39,000$39,000